The Lazarus group hackers from North Korea are in the final stages of laundering 499,000 Ethereum stolen from the Bybit exchange, valued at approximately $1.5 billion. At their current pace, they can complete this process within the next 3 days. About 70% of the stolen funds have already been laundered. Data shows that they laundered $138 million yesterday alone, leaving only 156,000 Ethereum worth $346 million to be laundered. Meanwhile, Circle, the publisher of the USDC stablecoin, has faced criticism for delays in freezing wallets related to this attack. Circle’s CEO, Jeremy Allaire, defended the company’s position, stating they only respond to direct requests from authorities and do not take unilateral actions. Security experts believe this approach has caused unnecessary delays and given hackers the opportunity to fully execute money laundering.
